Overview
What is Folds Of Honor Foundation Minnesota Inc?
Folds Of Honor Foundation Minnesota Inc is a dedicated nonprofit organization situated in Wayzata, Minnesota. Their primary mission is to support the families of soldiers who have lost their lives or have been disabled while serving our nation. They achieve this by raising funds for the Folds of Honor Foundation and providing scholarships and additional assistance to these families. The organization's goal is to offer healing, hope, and opportunities to realize dreams, fulfilling a sense of duty as responsible citizens of the United States. With their efforts, they aim to ensure no family is left behind in preserving American freedom.
Official website here: www.minnesota.foldsofhonor
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Folds of Honor Foundation Minnesota Inc has achieved an impressive 96% score, indicating a high level of accountability and financial management. This score reflects the charity's commitment to transparency and responsible oversight, as evidenced by its full marks in various categories, including independent board members and financial statements.
The organization has a fully independent board, comprising 14 members, and maintains rigorous audit practices. Additionally, it demonstrates excellent fiscal responsibility with a program expense ratio of 92.71%, ensuring that the majority of its funds are directed toward its mission rather than administrative costs.
While the rating highlights many strengths, it focuses solely on accountability and finance. There are no specific criticisms or limitations noted in the data, suggesting that Folds of Honor Foundation Minnesota Inc operates effectively within its financial framework.
This AI summary has been generated from information found on Charity Navigator.
Is Folds Of Honor Foundation Minnesota Inc legitimate?
Folds Of Honor Foundation Minnesota Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folds Of Honor Foundation Minnesota Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,148
For more financial information, click here
Official website here: www.minnesota.foldsofhonor
What is the mission statement of Folds Of Honor Foundation Minnesota Inc?
The Folds of Honor Foundation, through its Minnesota chapter, is committed to raising funds to support the families of fallen and disabled service members. Their mission, in essence, is to ensure no family is left behind in the fight to preserve American freedom. By providing scholarships and various forms of assistance, they aim to offer healing, hope, and an opportunity for dreams to be realized for the spouses and children of soldiers who have sacrificed their lives or abilities in service to the country. The foundation relies on the support of individuals like you to fulfill this duty as responsible citizens of the United States.
Official website here: www.minnesota.foldsofhonor
What is the revenue of Folds Of Honor Foundation Minnesota Inc?
Folds Of Honor Foundation Minnesota Inc's revenue in 2023 was $1,833,794.
Official website here: www.minnesota.foldsofhonor
Who are the executives of Folds Of Honor Foundation Minnesota Inc and what are their salaries?
The average compensation at Folds Of Honor Foundation Minnesota Inc during 2023 was $35,716. There are 3 employees and 30 volunteers at Folds Of Honor Foundation Minnesota Inc.
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- Compensation: $81,666
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Official website here: www.minnesota.foldsofhonor
Where can I find the form 990 for Folds Of Honor Foundation Minnesota Inc?
Folds Of Honor Foundation Minnesota Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.minnesota.foldsofhonor
Learn more at the official website: www.minnesota.foldsofhonor
Mission Statement of Folds Of Honor Foundation Minnesota Inc
Folds of Honor Foundation Minnesota Inc, as a dedicated organization, is committed to raising funds for the Folds of Honor Foundation. This national initiative aims to support the families of fallen and disabled service members. The mission of Folds of Honor Foundation Minnesota Inc is deeply rooted in the belief that no family should be left behind in the pursuit of preserving American freedom. Through the provision of scholarships and various forms of assistance, this foundation seeks to give back to the spouses and children of soldiers who have made the ultimate sacrifice or been disabled while serving their country.
By rallying the nation, Folds of Honor Foundation Minnesota Inc strives to offer healing, hope, and an opportunity for dreams to be realized. The foundation's work is driven by a sense of duty, as it considers this support a responsibility of every citizen in the United States, regarded as the greatest country in the world. The Folds of Honor Foundation Minnesota Inc's mission is about more than just providing financial aid; it is about offering a chance for families to rebuild their lives and move forward with hope and dignity.
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Impact
July, 2024
Folds Of Honor Foundation Minnesota Inc's impact lies in ensuring that no family is left behind in the fight to preserve American freedom. By raising funds for the Folds of Honor Foundation, this organization supports and provides scholarships to the spouses and children of soldiers killed or disabled in service to our country. Through this assistance, Folds Of Honor Foundation Minnesota Inc offers healing, hope, and the opportunity for dreams to be realized for these families. Their mission of giving back to those who have sacrificed for our country embodies the duty of citizens in the greatest nation in the world.
This information is meant to be a general summary of Folds Of Honor Foundation Minnesota Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $53,964
- Gross Receipts: $2,960,021
Assets and Liabilities:
- Total Assets: $1,186,272
- Total Liabilities: $18,600
- Net Assets: $1,167,672
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Organization Details
Founding Year
2014
Principal Officer
Robert Cron
Website
www.minnesota.foldsofhonorNTEE Category
Code: B12 - Education
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